Oireachtas Joint and Select Committees
Thursday, 20 September 2018
Public Accounts Committee
National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
9:00 am
Seán Fleming (Laois, Fianna Fail) | Oireachtas source
NAMA was set up to manage it and, because of the financial crisis and the shortage of capital, the outcome was that we transferred the control and the ownership of the entire banking debt of Ireland to private investment companies outside the State. I am not saying it was set up to do this but that is what seems to have been the outcome.
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